Moroccan dirham gains value against the euro The Moroccan dirham appreciated by 0.82% against the euro and by 0.39% against the dollar, between May and June 2024, according to figures published by Al-Maghrib Bank (BAM). Regarding the Central Bank’s foreign exchange auction operations, no session has been held since December 2021, the Bank specifies in […]
Moroccans forced to spend their holidays abroad Many Moroccans choose to spend their holidays outside Morocco, particularly in Spain, Portugal or Turkey because of the overpriced tourist offers in the kingdom. The thematic group responsible for evaluating public policies in the field of tourism, at the House of Advisors, has looked into the issue. The […]
The Palace of La Mamounia changes hands Global phosphate giant OCP has become the majority shareholder of La Mamounia Hotel following the sale by the State of its stake in the establishment. This transaction is part of the policy of divestment of assets deemed non-essential, aimed at financing national development initiatives. The Cherifian Phosphate Office […]
Ryanair: Royal Air Maroc in the crosshairs The third company to operate domestic flights in Morocco, the Irish low-cost company is thinking big. It is particularly interested in the Moroccan diaspora in Belgium. The Irish airline now serves 12 Moroccan cities on 175 different routes and 1,100 flights each week in high season, with the […]
Dominique Strauss-Kahn launches a vast hotel project in Morocco Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF), also former French Minister of Economy, Finance and Industry, is increasing his investments in Morocco. He is launching a vast hotel project south of Tangier. Dominique Strauss-Kahn is said to have acquired a large […]
Krispy Kreme challenges Dunkin’ Donuts in the Moroccan market The American restaurant chain specializing in the manufacture and sale of doughnuts, Krispy Kreme, is setting up in Morocco and is positioning itself as a direct competitor to Dunkin’ Donuts. Krispy Kreme plans to open restaurant at Arribat Center in Rabat, it says Challenge. The brand […]
Royal Air Maroc turns to Dreamliner and A330 NEO The fleet of Royal Air Maroc (RAM) will expand with the arrival of Dreamliner and A330 NEO aircraft before 2030, the year in which Morocco will co-host the 2030 World Cup with Spain and Portugal. Abdelhamid Addou, CEO of the company, traveled to the United States […]
Morocco: Fuel distributors under surveillance After a detailed analysis, the Competition Council makes several recommendations to improve the transparency and competitiveness of the fuel market. The Competition Council has published a document entitled “Reporting for the 1st quarter of 2024 relating to the monitoring of commitments made by wholesale distribution companies for diesel and gasoline […]
Risk of cancellation of flights between Morocco and France Many flights between Morocco and France are at risk of being cancelled on Wednesday due to a strike at Paris airports. Major disruptions at French airports. Four unions of the airport manager Groupe ADP are going on strike this Wednesday, July 17, 2024. At the origin […]
Morocco: Faced with the explosion of hotel prices, tents are flourishing on the beaches In Al Hoceima, many holidaymakers have found a trick to avoid hotels that have become too expensive for them. Due to the exorbitant prices charged by hotels, many holidaymakers have set up tents near the beaches despite the ban by the […]